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Alien Metals hires IBK Capital, puts funding and farm out on agenda

"The appointment of IBK Capital takes place at a time of fantastic fundamentals for precious metals and copper,” said technical director Bill Brodie Good

Alien Metals Ltd - Alien Metals hires IBK Capital, puts funding and farm out on agenda

Alien Metals Ltd (LON:UFO) has hired North American investment bank IBK Capital Corp to assist with project-level funding and the joint venture process for the Donovan 2 copper-gold project in Mexico.

Appointing the Canadian investment house, with significant experience in the mining sector, was described by the company as a prudent step in maximising the value of the project for all parties.

READ: Alien Metals reveals plans for maiden exploration drilling at Donovan-2

The company noted that it has been in talks with several mining companies who have declared an interest in a joint venture partnership for the Donovan project.

"The appointment of IBK Capital takes place at a time of fantastic fundamentals for precious metals and copper,” Bill Brodie Good, Alien Metals technical director said in a statement.

“IBK Capital has an enviable track-record in accessing funding for many junior mining companies and we look forward to a long and fruitful relationship, starting with the Donovan 2 project."

Quick facts: Alien Metals Ltd

Price: 1.55 GBX

LSE:UFO
Market: LSE
Market Cap: £48.99 m
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